Here at Nevita, we only deal with reliable developers who has a high and well-known credibility in the market. Usually banks offer loans only for those who have a high credibility in which they can take responsibility for their investment decisions, so if the developers don’t offer enough guarantee to banks, they can’t provide off plan mortgages to their clients, according to real estate law.
If the developers can’t finish the project on the date, then they have to pay you monthly penalties, or they can give you all your deposits and payments back.
